上工申贝（集团）股份有限公司2024年年度报告摘要

Group 1 - The company plans not to distribute profits for the year 2024, including no cash dividends or stock bonuses, due to a negative net profit [2][35][38] - The company's consolidated net profit for 2024 is -24,423,133.43 yuan, while the parent company's net profit is 21,570,680.93 yuan [5][36] - The company aims to reserve operating funds to ensure stable operations and liquidity needs for sustainable development [2][38] Group 2 - The company operates in the manufacturing sector, specifically in the specialized equipment manufacturing industry, focusing on sewing machinery [2] - The sewing machinery industry in China has shown recovery, with 275 large enterprises achieving a revenue of 31.611 billion yuan, a year-on-year increase of 19.04% [3] - The garment industry has seen a stable recovery, with a 0.8% increase in industrial added value and a 4.22% increase in garment production in 2024 [3] Group 3 - The automotive industry, a key customer for the company's medium-thick material sewing equipment, has shown positive growth, with production and sales increasing by 3.7% and 4.5% respectively [4] - The company's overseas subsidiary in Germany faced a sluggish market, with the automotive sector's production remaining stable and machinery output declining by approximately 8% [5] - The company has implemented cost control measures and improved cash flow management to mitigate short-term operational losses [6] Group 4 - The company reported a revenue of 4.411 billion yuan for the reporting period, a year-on-year increase of 16.39%, primarily due to the acquisition of an 80% stake in a subsidiary [8] - The net profit attributable to shareholders decreased by 369.16% to -24.423 million yuan, influenced by reduced sales of high-margin products and lower asset disposal gains [8] - The company has maintained its core business of developing, producing, and selling sewing and intelligent manufacturing equipment, with no significant changes in its business model [5]